Trading Watch List 07.27.2020

Couple of days of corrective action in the market.  Many recent tech leaders found support in nearest moving averages. QQQ stalling below 20 MA. Bulls want too see a remount of 20 MA ans bears want to see a push to 50 MA, 245 area.

 

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Here is the watch list and game plan:

DKNG Great relative strength. Bounced near 20 MA. I market holds this should breakout 38.84 base.
CRWD First test of 50 MA after a big run. See if this can hold and bounce.
FSLY Bearish head & shoulder formation. Ideally a flush to 50 MA and bounce.
MRNA Holding dual 20.50 MA support. Watching for a build below 74 for a bounce.
MRNA Holding dual 20.50 MA support. Watching for a build below 74 for a bounce.
LVGO Remains leader with relative strength. Watching on intraday dips.
SQ Orderly pull back to 20 MA. See if it holds and bounce.
ZM Ideally a flush to 50 MA 228 area should be good for a bounce.
NKLA Ugliest chart around but severely oversold. Eying for a dead cat bounce if strength intraday. Ideally on a base between 30 and 31.
JMIA Still looks good as a swing trade over 10 as long closes over 8 EMA.

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